Catharine is 58 years old, a widow, and has seven children. She is a friendly and hardworking mother who hopes to lift her business and family above poverty. Widowhood is very challenging to her and she hopes to overcome this challenge.
Catharine produces and sells wooden combs at retail and wholesale prices. Wooden combs in Nigeria are used to weave lovely hairstyles. She is making really progress in her business and hopes to grow her business to become bigger and stronger. Catharine is requesting a loan of 160,000 NGN to purchase more materials to produce more wooden combs to sell. She says thank you to all Kiva lenders.
The Kiva Field Partner in Nigeria who administers this loan is called the Lift Above Poverty Organization (LAPO). Kiva’s Staff wants to call your attention to the fact that LAPO is the subject of controversy. While all Kiva Field Partners charge an interest rate on loans to sustainably operate, LAPO’s interest rates (see their “Portfolio Yield”) and profitability (see their “Return on Assets”) are amongst the highest on Kiva. Kiva’s Staff encourages you to learn more about this Nigerian Field Partner before making this loan. http://www.kiva.org/partners/20